IMF says $50 billion is required to finish Covid pandemic in 2022

A vial with the Pfizer Biontech vaccine.

Enlarge / A vial with the Pfizer Biontech vaccine. (credit score: Thomas Lohnes | Getty Photographs)

The world may “finish the pandemic” in mid-2022 by vaccinating 60 p.c of the inhabitants at a price of $50 billion, the IMF has stated, as wealthy international locations and vaccine producers pledged to deal with the inequality undermining the worldwide response to coronavirus.

Nations with adequate vaccine provides may afford to donate 1 billion doses in 2021, even whereas persevering with to prioritise the immunisation of their very own populations towards Covid-19, the IMF stated in its report launched at a digital G20 Well being Summit on Friday.

Mixed with upfront financing, the vaccine donations would deliver a quicker finish to the pandemic, saving tens of millions of lives and yielding financial advantages of about $9tn to international gross home product by 2025, it estimated.

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